The firm's website says its still focused on Business Services, Healthcare and Technology-enabled services, and, among other criteria, it looks for companies around breakeven or better, with conservative leverage and rapid growth.

Today's filing showed $250K as the minimum accepted for any single outside investor.

The firm also projects $400K in sales commissions. Cary Street Partners LLC of Richmond, Va., is shown as broker-dealer on the raise.

At least for today, Tennessee is not listed as a state in which investments are being solicited for this fund. Rather, at this stage Solicited states include Alabama, Florida, North Carolina and Virginia.